Scott Traudt, who recently filed a lawsuit against Ari Rubenstein and other parties, is sending out subpoenas.
The recently filed lawsuit names Ari Rubenstein a defendant along with FINRA, Schwab, and GTS Securities.
Scott lists the individuals to whom the subpoenas are being sent, including some powerful people. One subpoena recipient is still unknown.
We’re not entirely sure why he was asking for volunteers to deliver the subpoenas. Likely it’s due to cost, as process servers charge for this service.
The other important note is that one of the subpoenas is to Greg McCabe. We’re not sure why he is being asked via subpoena; we would think he would probably supply the broker information voluntarily. We know he has it, along with John Brda who has discussed the brokers in Space calls. Perhaps it’s just for official documentation needs.
Here’s the list:
1. Gary Gensler, SEC Chairman. 100 F. St. NE, Washington DC 20549. CONTENTS OF SDT: “Electronic Blue Sheets” records for MMTLP that existed on 8 December 2022 at 3:59:59 PM EST. EBS records for Charles Schwab for same time hack and date.
2. Greg McCabe, Next Bridge Hydrocarbons CEO. 6300 Ridglea Place, Suite 950, Ft. Worth TX 76116. CONTENTS OF SDT: Identifying documents of all 105 broker dealers or trading entities that traded MMTLP as of 8 December 2022. Names.
3. Frank LaSalla, DTCC President. 55 Water St., NY NY 10041. CONTENTS OF SDT: Documents showing allotments of all MMTLP long shares totaling 165,000,000 shares to whatever entity recieved shares from DTCC.
4. Martin Flanigan, CEO EQ (formerly AST). 55 Challenger Rd., 2nd Floor, Ridgefield Park NJ 07660. CONTENTS OF SDT: All documents showing the number of shares transferred into Next Bridge Hydrocarbons by MMTLP shareholders and the number of people who have transferred those shares.
5. Kathy Bell, Managing Director, Hilltop Securities, 717 N. Harwood St. Suite 3400 Dallas TX 75201. CONTENTS OF SDT: Data and documents showing Hilltop’s trades in MMTLP to include all longs and short sales as of 8 December 2022 at 3:59:59PM EST.
6. Kenneth Griffin, CEO Citadel Securities LLC, 131 South Dearborn St., Chicago IL 60603. CONTENTS OF SDT: All trade records of “Trade Up” trading entity moving through Citadel as part of payment for order flow agreement with Trade Up for tickers NXBR and TRCH.CNT from 9 December 2022 to the present.
It looks like from a further update, Hilltop Securities and Citadel have both agreed to be served via e-mail.
These subpoenas are great, but of course, just because they are sent out doesn’t mean any information will be received back. Most likely some or all of these will be met with legal challenges.